As is indicated under the act in the current wording, in the case of trusts that are regulated in Canada, they are covered by the obligations of the act. Through exchanges with the industry and international assessments, questions were raised as to whether trusts that are incorporated in Canada but not regulated in Canada were covered by the legislation. Here, we are clarifying that they are indeed covered by the legislation.
On May 9th, 2017. See this statement in context.